Big Banc Split Corp T.BNK

Alternate Symbol(s): T.BNK.PR.A

The investment objectives for the Preferred Shares are to provide their holders with fixed cumulative preferential monthly cash distributions in the amount of $0.05 per Preferred Share ($0.60 per annum or 6.0% per annum on the issue price of $10.00 per Preferred Share) until November 30, 2023 (the Maturity Date) and to return the original issue price of $10.00 to holders on the Maturity Date. The Company will invest on an approximately equally-weighted basis in Portfolio Shares of the following publicly traded Canadian banks: Bank of Montreal; Canadian Imperial Bank of Commerce; National Bank of Canada; Royal Bank of Canada; The Bank of Nova Scotia; and The Toronto-Dominion Bank. The Portfolio will generally be rebalanced on a quarterly basis, starting on September 30, 2020, so that as soon as practicable after each calendar quarter the Portfolio Shares will be held on an approximately equal weight basis.

TSX:BNK - Post by User

Big Banc Split Corp

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Comment by tinman8on May 05, 2010 11:03am

342 Views

Post# 17064874

RE: Jed says...

The degree of the drop was entirely artificial. I tried multiple times to buy well above the bid ask but was ignored.
Only because I kept a record of my bids and times against actual bids and times was my order hastily filled to keep me quiet.
Hey Jed - Ithaca energy a good stock but currently very over bought - would be good to sell.
I really should post on IAE board suggesting to sell and buy BNK - which is now very undersold.

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